1314 Chestnut Street
About This Property
Inside, you'll find large rooms, tall ceilings, and a flexible layout ready for renovation. The property has been a long-term rental and is being sold as-is, presenting an opportunity for investors, rehabbers, or a buyer looking to restore a vintage home. The structure appears sound but will need a full cosmetic overhaul.
Comparable updated homes in this neighborhood have recently sold in the low $100s, highlighting strong upside after improvements. With generous square footage, a detached garage, and proximity to shopping, schools, and the university, this property could make an excellent flip, rental, or affordable residence once improved.
Cash or conventional only. Seller will make no repairs. Bring your tools and vision-this diamond in the rough is ready for its next chapter in growing Commerce, Texas!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Oct 24, 2025 | Listed by Chapin Real Estate | $60,000 | |
| Listed by Chapin Real Estate | |||
| Jul 14, 2022 | No longer available | - | |
| No longer available | |||
| Jun 8, 2022 | Listed by Chapin Real Estate | $135,000 | |
| Listed by Chapin Real Estate | |||
| | |||
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3 bedroom 1 bath with eat in kitchen, large living room, large sun room on the back. Tenants lease ends July 31, 2022. Very close to the campus, perfect for rental or first home. Please call agent for next day showing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017